• Pivotfarm
    04/20/2014 - 17:08
    As the audience went from laughter to applause, Vladimir Putin responded to the question that he had just read out on a televised debate in Russia. What was the question?

Jim Rickards

GoldCore's picture

Faber - “How Could You NOT Own Gold?”





Jim Rickards said that gold should remain an essential part of diversified portfolios and Mark Faber pointed out that the question should be “how could you NOT own gold?” Faber has said that he favors owning gold in fully allocated gold accounts in Singapore and Switzerland. 

 


Tyler Durden's picture

The US Is Like A Ship With No Lifeboats (Full Of Suicidal Bankers)





The rising price of gold is a huge embarrassment to the US government not because it devalues the dollar (it does not do this) but because it provokes a loss of confidence in the dollar. When the dollar is seen as falling in value against gold, its fall causes investors to exchange dollars and other currencies for gold as a means of protecting wealth. The rising price of gold is a blot on the prestige of the US dollar and the prestige of the US itself. The price of gold in dollars is therefore under strict government control. This fact, once derided as ridiculous, is increasingly accepted as truth by those interested in monetary matters around the world. The means for controlling the price of gold lies in the massive sales of “paper gold” which take place to suppress its price, as so many investigators have amply documented. US monetary policy considers that the dollar is here to stay forever, and that gold is no longer – and never again will be – the world’s ultimate money. The governments of several nations around the world do not share the same conviction with regard to the permanence of the dollar.

 


Tyler Durden's picture

IRS Slams Bitcoin With Retroactive Tax Rules... Is Gold Next?





Bitcoin tax rules finally came to the Land of the Free yesterday; and we have to imagine there are some not-too-happy campers today, if they even know about it. What’s most interesting about this new set of rules is what they might mean for gold. Imagine – paper currencies go into freefall. Gold soars. Anyone who bought gold early sees sizeable profits (in paper currency)... at which point the government steps in after the fact and sets up new tax rules to confiscate a substantial portion of those gains. Think it can’t happen? These Bitcoin rules certainly establish a precedent.

 


Tyler Durden's picture

"No Inflation" Friday: The Dollar Has Lost 83.3% Against...





Some readers may remember the price of Coca Cola being just 5c back in the early 1950s (for a 6.5oz glass)... meaning the US dollar has lost 93.8% against Coca Cola over the past six decades. Now, we are taught from the time we are children that "a little inflation is good..." And when central bankers tell us they’re targeting an inflation rate of 2% to 3%, that certainly doesn’t seem so bad. 2% is practically just a rounding error. But bear in mind a few things...

 


Tyler Durden's picture

Guest Post: The Big Reset, Part 2





The US wants its dollar system to prevail for as long as possible. It therefore has every interest in preventing a ‘rush out of dollars into gold’. By selling (paper) gold, bankers have been trying in the last few decades to keep the price of gold under control. This war on gold has been going on for almost one hundred years, but it gained traction in the 1960's with the forming of the London Gold Pool. Just like the London Gold Pool failed in 1969, the current manipulation scheme of gold (and silver prices) cannot be maintained for much longer.

 


GoldCore's picture

Gold Down 28% In 2013 Despite "Skyrocketing Demand" - Perth Mint Sales Surge 41%





Gold and silver prices surged higher today in the opening hours of trade in 2014. Gold rose 1.8% to $1,220/oz and silver surged over 3% to $20.02/oz.

Gold fell 28% in 2013, while silver recorded a 36% decline. It was gold’s first annual drop since 2000 and gold and silver’s worst performance since 1981 and 1984 respectively.

 


Tyler Durden's picture

Guest Post: Is America Being Deliberately Pushed Toward Civil War?





 

Has a second civil war been “gamed” by our government? And are Americans being swindled into fighting and killing each other while the banksters who created the mess observe at their leisure, waiting until the dust settles to return to the scene and collect their prize? Here are some examples of how both sides of the false left/right paradigm are being goaded into turning on each other.

 

 


GoldCore's picture

China’s Yuan Set To Become Global Reserve Currency With Gold Backing?





According to media reports, the People's Bank of China is considering phasing out the dollar as the reference currency or peg for the yuan, and to start using gold as the reference point.

The reports have not been confirmed officially, but there has been official comments to that effect in recent years and Chinese academics have advocated backing the renminbi or yuan with gold.

Beijing's possible move to back the yuan with gold would be a strategic move in order to, lessen the risk of inflation, increase the yuan’s attractiveness as an investment medium and create faith in the yuan as a reserve currency.

 


EB's picture

Jim Rickards on a September Tapering; And His Reaction to Our Chinese Currency Bait and Switch Theory





Tired of tapering talk? We couldn't resist. Then, on to more pressing matters. Seems an investment in China might just not be what it seems to be.  Think Three Paddy Hat Monty.

 


EB's picture

GATA's Bill Murphy on the Manipulated Gold Drop and a Gold Manipulation Linkfest[er]





CFTC whistleblowers, JP Morgan silver short, Andrew McGuire, Gold Leasing, Robert Rubin, Larry Summers, Gibson's paradox and that sink in your kitchen

 


GoldCore's picture

Silver Demand Surges In India While Gold Premiums at $35/oz In China





Physical demand remains robust internationally especially in China and India where premiums are moving higher again.  In China, physical demand remains robust and premiums remain at elevated levels near $35/oz. In India, premiums charged shot to $20 an ounce overnight from $8-$10 on Tuesday.

 


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